Armlogi Reports 0.8% Q2 Revenue Increase to $51.5M and $3.9M Loss
Armlogi Holding reported Q2 revenue rose 0.8% to $51.5 million while gross margin swung to a 1.5% loss, driving a $3.9 million net loss. As of December 31, cash was $9.4 million and it raised $3.8 million via a 3.19 million-share SEPA issuance.
1. Second Quarter Results
Armlogi Holding delivered Q2 revenue of $51.5 million, up 0.8% year-over-year, while costs of services rose to $52.3 million resulting in a $0.8 million gross loss and a net loss of $3.9 million.
2. First Half Financials
First-half revenue climbed 7.9% to $101.0 million, with a gross loss of $3.3 million (–3.2% margin) and a net loss of $10.4 million compared to $6.3 million the prior year.
3. Liquidity And Capital Raise
As of December 31, the company held $9.4 million in cash and restricted cash and raised $3.8 million by issuing 3.19 million shares under its SEPA facility to fund operations.
4. Management Commentary
CEO Aidy Chou noted stable revenue growth was offset by higher operational costs and outlined initiatives to optimize costs, enhance warehouse utilization, and expand higher-margin logistics services.